Day: April 21, 2018

April 21
2018

GBP & CAD Fall on Poor Data, Interest Rate Outlook

The Great Britain pound fell during the past trading week on poor macroeconomic data and concerns that the Bank of England will postpone the planned interest rate hike. The Canadian dollar had the similar issues. Weak inflation and disappointing retail sales led to concerns that the BoE will be reluctant to proceed with monetary policy normalization. Indeed, BoE Governor Mark Carney acknowledged that macroeconomic data was mixed recently. […]

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April 21
2018

Weekly Forex Technical Analysis (Apr 23 — Apr 27)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.2056 1.2153 1.2220 1.2317 1.2384 1.2481 1.2548 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.2145 1.2205 1.2309 1.2369 1.2474 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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April 21
2018

Weekly Forex Technical Analysis (Apr 23 — Apr 27)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.2056 1.2153 1.2220 1.2317 1.2384 1.2481 1.2548 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.2145 1.2205 1.2309 1.2369 1.2474 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

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April 21
2018

OPEC Approaches ’Mission Accomplished’ Moment in Jeddah, WTI nears $70

Fundamental Forecast for USOIL: Bullish Talking Points: Brent options skew showing the strongest bias for further gains in four years OPEC looks to have nearly cleared the glut turning the focus on what is next and adding to volatility Per BHI, U.S. Oil Rig Count rises 5 rigs to 820, US total rig count to […]

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April 21
2018

S&P 500, DAX & FTSE – Outlook Shrouded in Uncertainty

Talking Points: A few ‘high’ impact data events, S&P 500 short-term technical outlook murky ECB meeting on Thursday key event for the DAX UK GDP on Friday, FTSE will look to try and hold onto its recent gains For the intermediate-term technical and fundamental outlook for equity markets, check out the recently released DailyFX Q2 […]

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